The summary probably has most of it right, but so many bits of news have come out, who knows what the whole picture is on this? Admins in Mexico, there was a raid, then there wasn't, now there was... WTF?

Demonoid was a great site... nicely browseable listings, great search capability, and a good community that kept content clean (or at least well reported malware or false positives).

I hope their UI can be resurrected by somebody else and they attract many of the members of Demonoid that made that site so go

According to this fascinating PDF [ustr.gov], kat is very much on the radar, along with Pirate Bay, IsoHunt, Btjunkie, torrentz, Rutracker, zamunda, warez-bb and others, including, of course, Demonoid. I don't doubt that it's someone's job to scour the net for this stuff of course... but I do doubt that they get many scoops here at/.

Demonoid is/was special, and it's a shame to see it in limbo. I haven't come across a site that's even remotely similar in content, searchability, reliability (all things considered), and community. Some great posters, and some great torrents (specifically lossless audio.)